DXY Stays in 100.5-102 Range as Market Awaits Warsh, CPI – DBS

The US Dollar Index (DXY) remains range-bound between 100.5 and 102, a pattern that has held for three weeks, according to DBS Group Research economist Philip Wee.

Markets are awaiting further signals, including a potential rate hike from the Federal Reserve later this month. Key events on the horizon include commentary from Fed official Kevin Warsh and the upcoming US CPI report, which could provide direction for the next leg in the dollar.

With no clear catalyst yet, the index continues to trade in a tight consolidation zone as traders stay cautious.